This article comes fromafc, original author: James Thomson
Odaily Translator |
Odaily Translator |
On November 16, Trump officially announced his re-election for the presidency of the United States.
The Italian-American, nicknamed "the Mooch," was the spark that saw SBF fail. Without the appearance of Anthony Scaramucci, SBF might not have spoken badly, and FTX would not have been run and closed down.
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Overturning the first domino of FTX's bankruptcy: "Middle East Fundraising Tour"
In September 2022, Anthony Scaramucci decided to sell 30% of Skybridge Fund's shares to FTX. SBF wanted to acquire more at that time, but Anthony Scaramucci hesitated. In a recent interview with Bloomberg, he explained: "SBF wanted to buy more Skybridge shares, but I thought, I'm 58 years old this year, and the Skybridge Fund is my life's work, so I hesitated."
It was this "hesitation" that allowed Anthony Scaramucci to successfully avoid disaster.
Perhaps feeling guilty for failing to satisfy SBF's desire to buy more shares, Anthony Scaramucci agreed to SBF's request to "purchase $10 million in FTT tokens" and also promised to take SBF to the Middle East on a "fundraising trip." Anthony Scaramucci's idea at the time was simple. In his own words, "I have been in the financing business for longer than SBF's age", so I hoped to raise $2 billion for FTX at a valuation of $32 billion in the Middle East, and let SBF used the money to bolster the FTX balance sheet and acquire some struggling projects, stabilizing the crypto industry in a bear market.
Anthony Scaramucci recalled that for some unknown reason, SBF lashed out at Binance founder CZ during meetings with the Middle Eastern tycoons and said a lot of rubbish. Soon, these words reached CZ's ears. Everyone must know what happened next. CZ posted on social media that he would sell his FTT holdings, and the internal leverage problems of FTX and Alameda Research were also exposed along with the run. Anthony Scaramucci said that for FTX's bankruptcy, this trip to the Middle East and SBF's trash talk played a decisive role. "Compared to other dominoes, this card fell much earlier."
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I want to help, but there's nothing I can do
Unlike other investors trapped on FTX, Anthony Scaramucci had already received the money from the sale of his 30% stake in the Skybridge Fund. At the same time, he also hopes to lend a helping hand to SBF.
On November 8th, Anthony Scaramucci flew to the Bahamas to seek help, but after meeting with SBF and his team admitted that it was beyond the "rescue scope", he explained: "It is really good news for Skybridge investors , because we have no custody assets on FTX, so we are saved. I like and trust SBF, but his behavior of breach of trust is not only against me, but also 20+ venture capitalists, and trustees around the world FTX brand and technology."
In a subsequent interview with CNBC, Anthony Scaramucci even bluntly said that "I will implore SBF and his family to tell the truth to investors-to find out the truth, and they should immediately stop publishing long speeches on social media and stand in front of regulators. What the hell happened, is there fraud."
Now, Anthony Scaramucci wants to buy back the Skybridge stake from the FTX liquidator, but it may involve a long-term struggle, and although he insists that he did "thorough" due diligence before the transaction, he knows that it is obviously not good enough: "I think it's hard to completely avoid the influence of misrepresentation, so I want to share SBF's journey to the Middle East."
